Houma Invitational Oil Tournament Inc
- Assets
- $76.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houma, LA
- Founding
- 03/2005
- Data as of
- 07/2023
- EIN
- 72-1187147
Organization Overview
Houma Invitational Oil Tournament Inc is located in Houma, LA. The organization was established in 2005. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houma Invitational Oil Tournament Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Houma Invitational Oil Tournament Inc generated $75.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $44.3k during the year ending 07/2023. While expenses have increased by 0.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE HOUMA INVITATIONAL OIL TOURNAMENT IS A GOLF TOURNAMENT HELD EACH YEARTO BRING OILFIELD RELATED COMPANIES TOGETHER TO GATHER PERSONNEL ANDCUSTOMERS AND TO DONATE EXCESS PROFITS TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Charpentier President | 5 | $0 | |
Tony Arcement Vice President | 5 | $0 | |
Shelly Toups Secretary | 5 | $4,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $75,719 |
| Other Revenue | $0 |
| Total Revenue | $75,719 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,200 |
| Occupancy, rent, utilities, and maintenance | $400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,749 |
| Total expenses | $44,349 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,790 |
| Other assets | $0 |
| Total assets | $76,790 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,790 |